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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> the diplomatic effort to halt the violence between israel and gaza further complicated after a bomb rips through a public transport bus in the heart of tel aviv injuring 24 people. though they didn't claim responsibility, a tweet from hamas militants to israelis following the attack quoting -- you opened the gates of hell on yourselves. authorities say 142 people
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. try running four.ning a restaurant is hard, fortunately we've got ink. it gives us 5x the...
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Nov 21, 2012
11/12
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we know there will be a lot of tax increases going into effect. americans are going to to be shocked and many things are going to trigger, expiration of the bush tax cuts or increases in affordable health care act and penalties. there are so many things that are going to trigger to increase taxes not only on individuals but businesses and certainly even upon state budgets. >> greta: what is overriding all of this, the reason we're going off the fiscal cliff is because a year and a half ago the congress and president and senate didn't do this work and pushed it up against a deadline. the reason you don't know what is happening with the state guidelines, they had a healthcare claw lau for two years. i know you are a member of congress but nobody is doing any work to get anything done. frankly if you don't know what the rules are, how can you set up the exchange on the promise they are going to do it right later and they don't have a history of doing things right? >> i don't think they're going to have the money to do it in the first place. we're in
we know there will be a lot of tax increases going into effect. americans are going to to be shocked and many things are going to trigger, expiration of the bush tax cuts or increases in affordable health care act and penalties. there are so many things that are going to trigger to increase taxes not only on individuals but businesses and certainly even upon state budgets. >> greta: what is overriding all of this, the reason we're going off the fiscal cliff is because a year and a half...
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Nov 21, 2012
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the tax fight gets shorthanded as raising taxes on rich people. but the first $250,000 of income will be taxed the same as it is now. it stays the same. no additional taxes. no matter how much additional money you make beyond that fresh hold. you may pay a higher rate over $250,000, but purposely reducing your income to under a dollar, is hilarious. so consider had a public service announcement to people of means. or if you prefer, to moneyed americans. if somebody tries to reduce you to reducing your income on purpose to $249,999.99, if somebody tries to talk you into doing that, they are teasing you. it's a hoax to tease you for not understanding math and how taxes work. if you're not a person of money but you know such a person fallen into this trap, it's your choice to leave them floundering for your amusement while they purposely reduce their income to no rational effect. or you can do the right thing and help them understand how marginal tax rates work. class warfare is just a >>> a few months after president obama was inaugurated in 2009, t
the tax fight gets shorthanded as raising taxes on rich people. but the first $250,000 of income will be taxed the same as it is now. it stays the same. no additional taxes. no matter how much additional money you make beyond that fresh hold. you may pay a higher rate over $250,000, but purposely reducing your income to under a dollar, is hilarious. so consider had a public service announcement to people of means. or if you prefer, to moneyed americans. if somebody tries to reduce you to...
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Nov 21, 2012
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nicole: just thinking about a state tax. if you die better the next year, let's talk about scatter, popular footwear. the financial group raising their ratings on the issuemaker. they talked earlier that the stock was ahead of the fundamentals and they are changing their tune and that is why you are seeing the stock up 12% so they upgraded the positive from neutral, talking about momentum continuing to increase across their product categories heading into 2013. this is good news and they are beginning to see the modest outperforming in the current quarter and a good outlook for 2013. and an up arrow over $2 to the upside. cheryl: thank you very much. see you soon. a terror attack in israel. obama on a bus in tel of the. reports of the cease-fire may be imminent. first as we go to break with the world's currencies. the u.s. dollar. cheryl: breaking news. as the muddling fox news to expect israel to announce a unilateral cease-fire late tonight or early tomorrow. this from fox's lehman from southern israel. >> almost sounds li
nicole: just thinking about a state tax. if you die better the next year, let's talk about scatter, popular footwear. the financial group raising their ratings on the issuemaker. they talked earlier that the stock was ahead of the fundamentals and they are changing their tune and that is why you are seeing the stock up 12% so they upgraded the positive from neutral, talking about momentum continuing to increase across their product categories heading into 2013. this is good news and they are...
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Nov 26, 2012
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republicans are resisting the idea that inleasing tax rates on the wealthy will steer the country away from the fiscal cliff even though suspects insist it will. >> i would be very much opposed to raising tax rates, but i believe that we can close a lot of lop holes. >> they have to go up, real or effective tax rates, there are ways of doing this and secondly, we have to gross loopholes. >> lindsey graham is okay with new revenue and willing to cap deductions to get it, but only if democrats agree to reform entitlements like social security and medicare. >> i don't expect the democrats to go for premium ouci do expect them to adjust these entitlement programs before they bankrupt the company. some entilement reform is okay with illinois democratic senator dig durbin, but thinks that social security should be left alone. >> social security does not add one penny to our debt. not a penny. it's a separate funded operation and we can do things and i believe we should, smaller things played out long-term that give it solvency. >> and congressman peter king says nobody will get all they want
republicans are resisting the idea that inleasing tax rates on the wealthy will steer the country away from the fiscal cliff even though suspects insist it will. >> i would be very much opposed to raising tax rates, but i believe that we can close a lot of lop holes. >> they have to go up, real or effective tax rates, there are ways of doing this and secondly, we have to gross loopholes. >> lindsey graham is okay with new revenue and willing to cap deductions to get it, but...
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Nov 25, 2012
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with tax hikes if a bush tax cuts expire. tell me about how the political file would be sliced? they want to protect the entitlement programs because of the people who depend on them. by the way guys obama care is not even ang option. don't go there talking about getting rid of that or trying to repeal it. >> i think what republicans -- i don't think they want to cut entitlement programs i think what they are trying to do, anybody who is dealing with reality right now can look at the spending curves of social security and medicare and medicaid and see that they are going towards bankruptcy. social security for example right now congress has for so long been stealing money from the social security fund. we are years away from that flipping so that your taxes to pay social security. >> let me jump in. i understand that argument as well in terms of having the entitlement programs basically bankrupt the system. not saying the gop wants to cut it across the board they want to limit it. talk to the people, though, we start to hear social security going out the window and some of the e
with tax hikes if a bush tax cuts expire. tell me about how the political file would be sliced? they want to protect the entitlement programs because of the people who depend on them. by the way guys obama care is not even ang option. don't go there talking about getting rid of that or trying to repeal it. >> i think what republicans -- i don't think they want to cut entitlement programs i think what they are trying to do, anybody who is dealing with reality right now can look at the...
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Nov 23, 2012
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raising tax rates. i think raising tax rates a bit will be okay for the overall marketplace and stock marketplace. but if you raise tax rates too much, i think we can have severe problems with the private sector not want to go hire because they are insure about what their tax bill is going to be at the end of 2013. without any clarity they will back off hiring. rick: the fed chair says make a deal here and the economy looks to be in good shape. so this is the concerns. if no deal is struck we know what happens. we jump off the cliff. if a deal is struck, something everybody can feel relatively good about even though everybody will feel pain, what could that mean for the overall economy? >> i think if there is a reasonable deal struck for the overall economy. then we also -- you have got to keep in mind we have a credit rating in this country that has been hurt and if a deal is not met, then our credit rating could be hurt as well. so i think if a deal is met we have -- i think it will be temporary in na
raising tax rates. i think raising tax rates a bit will be okay for the overall marketplace and stock marketplace. but if you raise tax rates too much, i think we can have severe problems with the private sector not want to go hire because they are insure about what their tax bill is going to be at the end of 2013. without any clarity they will back off hiring. rick: the fed chair says make a deal here and the economy looks to be in good shape. so this is the concerns. if no deal is struck we...
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Nov 21, 2012
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if this deal happens, you will see taxes go up on 90% of americans. for example, 20 or 30,000 dollars, they would go from receiving money under the earned income tax credit to only $1500. that is just the beginning. unemployment, people have to pay higher taxes in terms of that, this could be a problem for working and middle-class people. jon: back could explain why her people like john boehner say that mr. president, he won the election, it's time for you to lead well. >> we have to face reality that the american people gave the president a do over. the house and the senate, the same position we were in two months ago. the american people may have given the government a do over, but they don't expect a status quo. they want decisions to be made in a bipartisan manner. republicans are willing to meet the president halfway. but he is the leader of the country and it's up to him to propose a plan. it is up to him to provide negotiations and coalesce the deal. a deal can be made and all parties have to come together. we have to give up some revenue. they
if this deal happens, you will see taxes go up on 90% of americans. for example, 20 or 30,000 dollars, they would go from receiving money under the earned income tax credit to only $1500. that is just the beginning. unemployment, people have to pay higher taxes in terms of that, this could be a problem for working and middle-class people. jon: back could explain why her people like john boehner say that mr. president, he won the election, it's time for you to lead well. >> we have to face...
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Nov 21, 2012
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up so they can all go and campaign and to rush limbaugh i voted for a tax cut, not a tax rise. it just so happened that taxes went up at the same time. >> let me ask ben this. you spent a lot of time looking at the sort of texture of the political boundaries on these parties, right. and -- >> is this a thanksgiving metaphor? >> it is. it's a stuffing metaphor. richard's talking about what would strike most political observers as a gimmick. wait a week and don't get to call it a hike. there's a movement we've talked about on "now" before, that says that grover norquist is yesterday's it news, he's out of date and you had some house republicans say they're willing to break with him without a gimmick. do you think there's any districts where republicans can actually benefit by saying, i'm going to do something bigger than grover norquist? my boss is the constituents and not these washington insiders? >> no. i don't think anybody -- i don't think grover norquist is a household name but a lot of these guys signed a pledge they would not raise taxes and then these sort of trap of tha
up so they can all go and campaign and to rush limbaugh i voted for a tax cut, not a tax rise. it just so happened that taxes went up at the same time. >> let me ask ben this. you spent a lot of time looking at the sort of texture of the political boundaries on these parties, right. and -- >> is this a thanksgiving metaphor? >> it is. it's a stuffing metaphor. richard's talking about what would strike most political observers as a gimmick. wait a week and don't get to call it...
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Nov 21, 2012
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let's point out, too, the president must like the bush tax comes. he's accepted 80% of them for about 95% of the american people. so he's ruled a lot of revenue off the table himself. i agree with him on that, but let's recognize that absent reform and these basic entitlement programs you're simply putting a band-aid on a problem that requires major surgery. >> congressman tom cole, happy thanksgiving to you and yours. thank you. >> thank you. >> back to the middle east now where secretary of state hillary clinton has obviously been very busy moving between jerusalem, the west bank, egypt. nbc's stephanie gosk is live in tel aviv. what are you hearing about the cease fire? >> reporter: you know, we were on the cusp of a cease-fire it seemed like last night and it seemingly fell apart. however, we did hear from israeli prime minister benjamin netanyahu that they still want a diplomatic solution, which is a real sign that at the very least the negotiations are still going on. we know that secretary clinton is shuttling back and forth throughout the re
let's point out, too, the president must like the bush tax comes. he's accepted 80% of them for about 95% of the american people. so he's ruled a lot of revenue off the table himself. i agree with him on that, but let's recognize that absent reform and these basic entitlement programs you're simply putting a band-aid on a problem that requires major surgery. >> congressman tom cole, happy thanksgiving to you and yours. thank you. >> thank you. >> back to the middle east now...
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Nov 26, 2012
11/12
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>> -- a millionaire's tax. is that what democrats are looking at? >> there are fantasies in both camps. on the one side, it is raising their rates on everybody who makes $250,000 will solve the problem. and the other side is the program that charles outlined. and then there is a third fantasy that the lobbying class in washington, which is much stronger than ever before, will simply be dead and not do anything to try to keep the loopholes they now have, or the preferences day out. >> will the democrats agree to a higher -- above $250,000? >> i do want to make a note aboutcharles's statement one half of washington being liberal. i thought that was a concession. >> if i were to think about the groupies, it would be three- quarters. >> we will talk about the groupies in the military later. i do want to say that nina is absolutely right. the reality is that you cannot do this painlessly. at the same time, all of the tribute that charles paid, and so deservedly so, to the reagan- o'neill plan had an element to that was truly an acceptable to every conser
>> -- a millionaire's tax. is that what democrats are looking at? >> there are fantasies in both camps. on the one side, it is raising their rates on everybody who makes $250,000 will solve the problem. and the other side is the program that charles outlined. and then there is a third fantasy that the lobbying class in washington, which is much stronger than ever before, will simply be dead and not do anything to try to keep the loopholes they now have, or the preferences day out....
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Nov 21, 2012
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something about taxes -- taxes are extracted. usually paid voluntarily. that is an oversimplification. actually, officials at the irs will tell you well over 90% of individual taxpayers governments necessarily wrong. we all want government voluntarily and responsibly comply with tax laws. there is plenty of tax evasion out there, but most americans fulfill their responsibilities, but taxes are extracted. we have to pay for government. we, in public administration, believe in good government. the problem is, how do we maintain it would we have to criticize it all the time? how do we maintain the good parts of it? the other contribution to the decline in the prestige reagan , even of government included pro-market anti-government. by economists which were very prominent academically. reaganomics was, in a sense, invented on university campuses. the media describe themselves as a watchdog, quite appropriately. it is essential we have an aggressive news media that hold the government and other entities accountable. if they are doing things wrong, we want them
something about taxes -- taxes are extracted. usually paid voluntarily. that is an oversimplification. actually, officials at the irs will tell you well over 90% of individual taxpayers governments necessarily wrong. we all want government voluntarily and responsibly comply with tax laws. there is plenty of tax evasion out there, but most americans fulfill their responsibilities, but taxes are extracted. we have to pay for government. we, in public administration, believe in good government....
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Nov 25, 2012
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. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come from an increase on the tax rates of top earners, which is currently 35%. >> let the rates go up to 39. let us also take a look at the deductions. let's make sure that revenue is an integral part of deficit reduction. from my side of the table, bring entitlement reform into the conversation. social security, set aside, doesn't add to the deficit. when it comes to medicare and medicaid, protect the integrity of the program, but give it solvency for more and more years. >> reporter: a source with engine of knowledge -- with knowledge of the negotiation says there is no dat
. >> i would be very much opposed to raising tax rates. but i believe we can change loopholes. >> i want entitlement reforms. democracies promise to cut spending. we never cut spending. i am looking for revenue for entitlement reform. >> reporter: senator graham says age adjustment and means testing for medicare and social security is a reasonable thing. but illinois democratic senator dick durbin doesn't want to touch social security. he thinks the new revenue should come...
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Nov 24, 2012
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tax loopholes. speaker boehner says i'm willing to break it and do the latter on deductions and exemptions and saxby chambliss the senator said it's time to ditch grover and his pledge, is it? >> all bets are off. i mean, listen, we're in a mess and all bets are off and we shouldn't be held to political organizations that are influencing our elections in terms of getting this mess taken care of, but you know, listen, i have a novel idea for the president. why doesn't he public size an itemized list of his spending cuts he's prepared to put on the table before asking american people to pay taxes. i mean, it's simple. when you have a credit card debt and you don't ask other people to pay for it or you don't borrow money to pay the interest on it, you make hard choices on your discretionary spending from a weekly basis or a monthly basis, this is just a business that's been run poorly and it's-- >> would you agree the president doesn't have a terribly good track record when it comes for proposals for b
tax loopholes. speaker boehner says i'm willing to break it and do the latter on deductions and exemptions and saxby chambliss the senator said it's time to ditch grover and his pledge, is it? >> all bets are off. i mean, listen, we're in a mess and all bets are off and we shouldn't be held to political organizations that are influencing our elections in terms of getting this mess taken care of, but you know, listen, i have a novel idea for the president. why doesn't he public size an...
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Nov 29, 2012
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but state senator-elect jerry hill already says he plans to raise gas taxes and says that's the best if not long-term solution for the area. reporting live in daly city, cate caugiran, cbs 5. >> thank you. >>> you can use your live hi- def doppler on our website to zero in on your neighborhood to see what's going on there. just go to cbssf.com/weather. >>> well, liz had a busy day yesterday because of all the rain but right now it's not too wet so hopefully you're not all that busy in the traffic department. >> it looks okay. gosh, it is amazing what some wet weather will do to the commute. the only thing we got going right now is actually out in napa. we have a traffic alert. it sounds like the northbound lane of highway 121 blocked by 128. a car slowed to avoid a deer and crashed at the scene. so fire crews are there now. they are working to clear it. it's been there since before 3:30 this morning. we'll take live look outside so yeah, the golden gate bridge looks a lot drier this morning than yesterday. and the commute across the span is moving at top speeds, as well. some other b
but state senator-elect jerry hill already says he plans to raise gas taxes and says that's the best if not long-term solution for the area. reporting live in daly city, cate caugiran, cbs 5. >> thank you. >>> you can use your live hi- def doppler on our website to zero in on your neighborhood to see what's going on there. just go to cbssf.com/weather. >>> well, liz had a busy day yesterday because of all the rain but right now it's not too wet so hopefully you're not...
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Nov 29, 2012
11/12
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well, we know that the bush tax cuts are expiring. they'll expire for everyone, not just the top 2%. this is not something we want the american middle class to get hit with a tax increase at this time, but we do believe the wealthiest among us should pay more. and we think that the top 2% should pay a higher tax rate on the money they make after $250,000 a year. we also believe that there's more that can be done, closing loopholes. people say, let's talk about that. . we see the bush era tax cuts expiring for everybody. we see the production tax credit expiring which is something important for work in the wind industry and the area of industry that promotes environmental matters. we also see the expiration of things like the estate tax, the s.g.r., which is the doctors fix for medicare. and we also see the sequestration which is the outcome, time outcome of the budget control act that we passed in august, 2011, which is now coming due, and there will be equal defense and discretionary spending cuts on both sides which will be -- which
well, we know that the bush tax cuts are expiring. they'll expire for everyone, not just the top 2%. this is not something we want the american middle class to get hit with a tax increase at this time, but we do believe the wealthiest among us should pay more. and we think that the top 2% should pay a higher tax rate on the money they make after $250,000 a year. we also believe that there's more that can be done, closing loopholes. people say, let's talk about that. . we see the bush era tax...
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Nov 21, 2012
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after new year's day, tax cuts expire for everybody. and deep automatic spending cuts take effect. economists say that could send us right into another recession. mike emmanuel live on capitol hill. hello, mike. >> shep, congressional sources say talks have been business like and productive and almost everybody realizes they're going to have to give a little to get this done. several senators mentioned entitlement reform when i asked about where to cut. >> reform doesn't mean you throw these programs out. you run them more efficiently. you look at the fraud or waste and abuse that's been identified and then you come into the revenue picture. you know. people will call me and say, we need to trim this program. good with me, but the problem is it doesn't generate the difference that you need to make here. >> nebraska senators calling for going big, tax reform and entitlement reform since those are huge lifts for congress. for now, they could set numbers for spending cuts and revenue increases and then order different departments and agencies to make it happen. one expert says congres
after new year's day, tax cuts expire for everybody. and deep automatic spending cuts take effect. economists say that could send us right into another recession. mike emmanuel live on capitol hill. hello, mike. >> shep, congressional sources say talks have been business like and productive and almost everybody realizes they're going to have to give a little to get this done. several senators mentioned entitlement reform when i asked about where to cut. >> reform doesn't mean you...
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Nov 24, 2012
11/12
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tax giving tax cuts to people --out melissa: talking about raising a taxes, i agreegr with you. we have to have people investing, buying, so raising taxes on anyone is then super i crazy. >> yeah, buts if you take tax increases on people spendingss less because they already got af whole bunch of money and investing in ways to get people who do not have as much to spend more, that's efficient. that makes sense. go ahead.ney. melissa: rich people spend a lot of money. >> they have the money, they are spending it.they they will not spend less because they have a marginal tax rate increase. it's not like all the sudden, you know, bloomberg or romney says we can't go to dinner next week. they will still spend money. it's a matter of saying how doho we get people who are not at that level to have conditions where th can spend. melissa: in the 80s, they lower tax rates issue and revenues go up, and revenues, 1981 to 1988, from $599 billion to $909 # billion. i'm just saying if the problem's revenue and you want more money in treasury, there seems that's a period of time we did it ti de
tax giving tax cuts to people --out melissa: talking about raising a taxes, i agreegr with you. we have to have people investing, buying, so raising taxes on anyone is then super i crazy. >> yeah, buts if you take tax increases on people spendingss less because they already got af whole bunch of money and investing in ways to get people who do not have as much to spend more, that's efficient. that makes sense. go ahead.ney. melissa: rich people spend a lot of money. >> they have the...
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Nov 28, 2012
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more revenue, more taxes here. what about entitlement changes? >> well, any time you start talking about tweaking these programs, there are groups in washington around the country that mobilize to try and stop cuts. the number two senate democrat, dick durbin, says he'd be open to look at entitlements, but not part of the fiscal cliff talks. here is the senate majority leader's view. >> at the meeting we had that i mentioned with president and the four leaders, president obama said that social security is not part of what is what we're going to do in this. i agree with him. and there are things that i personally believe there are things that we can do with entitlements that don't hurt beneficiaries. >> but if you have each side starting to take things off the table, it makes you wonder if at some point if gets harder to make a deal. shep. >> shepard: mike emmanuel on capitol hill. the white house and president obama will be making their case to regular americans this week. republican leaders say he should be negoti
more revenue, more taxes here. what about entitlement changes? >> well, any time you start talking about tweaking these programs, there are groups in washington around the country that mobilize to try and stop cuts. the number two senate democrat, dick durbin, says he'd be open to look at entitlements, but not part of the fiscal cliff talks. here is the senate majority leader's view. >> at the meeting we had that i mentioned with president and the four leaders, president obama said...
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the words how we are in a strong economy what happens is that each year believe we live facing this tax burden from the spanish state on a spanish state machinery are trying to fear campaign cancel and so we are european see the science and know there's not such press of that that we would be out of the european union seven a half million of people suddenly enough how that would be more difficult actually to manage to good order when it's necessary to be out at it's not a consideration we don't believe we're going to be out of the european union like a scotland are not going to be outside european union just because we are exercising universal rights as is the universal right of subtlety of nation which took our democracy here. coming up in a few minutes it's made of only modern tie is but office opportunity he pulled from a makeshift better ones like jerusalem that on the verge of demolition taking children only place to study that's not a short break and there are not too. waves of corruption are rocking in russia hundreds of millions of dollars vanished from apec building projects an
the words how we are in a strong economy what happens is that each year believe we live facing this tax burden from the spanish state on a spanish state machinery are trying to fear campaign cancel and so we are european see the science and know there's not such press of that that we would be out of the european union seven a half million of people suddenly enough how that would be more difficult actually to manage to good order when it's necessary to be out at it's not a consideration we don't...
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Nov 29, 2012
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additional tax increases equal to $600 billion. 2009 level estate tax. multiyear stimulus package starting with at least $50 billion next year alone. permanent increase in the debt ceiling, the debt limit enough to avoid it. in exchange, $400 billion in savings from the medicare and other entitlements to be worked out next year with no guarantees. that didn't go over well. syndicated columnnist charles krauthammer. what is going on here? >> you know, up until today i didn't think -- i did think that the president had shown leg on entitlement reform. he did no 2011. when the house speaker failed to reach a grand bargain. you heard signals from dick durbin said on the sunday shows that medicare had to be on the table. he circled back and say it couldn't be part of the down payment. a lot of confidence that the president is willing to go over the cliff before he would do anything to entitlement. this is the -- the ball is in the democrats' court, not in the republicans that i spoke to today. did say that the administration proposal just as boehner said is n
additional tax increases equal to $600 billion. 2009 level estate tax. multiyear stimulus package starting with at least $50 billion next year alone. permanent increase in the debt ceiling, the debt limit enough to avoid it. in exchange, $400 billion in savings from the medicare and other entitlements to be worked out next year with no guarantees. that didn't go over well. syndicated columnnist charles krauthammer. what is going on here? >> you know, up until today i didn't think -- i did...
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Nov 21, 2012
11/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. then you may be looking for help in choosing the right plan for your needs. so don't wait. call now. whatever your health coverage needs, unitedhealthcare can help you find the right plan. open enrollment to choose your medicare coverage begins october 15th and ends december 7th. so now is the best time to review your options and enroll in a plan. medicare has two main parts, parts a and b, to help cover a lot of your expenses, like hospital care... and doctor visits. but they still won't cover all of your costs. now's the time to learn about unitedhealthcare plans that may be right for you. are you looking for something nice and easy? like a single plan that combines medicare parts
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. then you may be looking for help in choosing the right plan for your needs. so don't wait....
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Nov 29, 2012
11/12
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are to preventing such a tax increase. for republicans, it has been about are they offered something that allows them to sell this? for republicans there are a couple of considerations. they don't want to get blamed if everybody's taxes go up. that could be politically problematic. but they can't afford to appear they're rolling over and getting anything they want. they have the house majority. they don't want the base of support to feel they didn't fight anything. because the campaign fund-raising dollars could dry up. everybody in the house faces a primary next year. whether or not they a tough opponent or not is on the table. there are so many considerations. jon: so if these talks fail, and we go over the fiscal cliff, do both sides share in the blame equally? >> i don't think so. i think it is likely that the house republicans and even senate republicans, even though they're in the minority in the senate are going to get more of the blame but it depend on what kind of view you're taking here if you're a republican. i
are to preventing such a tax increase. for republicans, it has been about are they offered something that allows them to sell this? for republicans there are a couple of considerations. they don't want to get blamed if everybody's taxes go up. that could be politically problematic. but they can't afford to appear they're rolling over and getting anything they want. they have the house majority. they don't want the base of support to feel they didn't fight anything. because the campaign...
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wealthy it has an economy the size of portugal's but in terms of the number in terms of the size of taxes they pay it's much more to central government and they actually get back from a trade in terms of investments in schools and hospitals so they're annoyed about that and particularly when you consider that unemployment here is around twenty five percent so if a referendum does happen i suppose you could say that you would expect people to vote in favor of it although i say that those people who are against separatism to point out that if catalonia would draw from spain it could also mean it has to drop out of the european union and not many people in catalonia would be in favor of that if that turns out to be the case and maybe they would prefer the status quo so there are a lot of ifs and buts but what we do know as a result of today's election there is a growing sentiment of nationalism and a sense for independence here in catalonia. so irish prime minister mariano rajoy catalonia could be expelled from the gale sovereignty by prayer independence activist don argus as her region woul
wealthy it has an economy the size of portugal's but in terms of the number in terms of the size of taxes they pay it's much more to central government and they actually get back from a trade in terms of investments in schools and hospitals so they're annoyed about that and particularly when you consider that unemployment here is around twenty five percent so if a referendum does happen i suppose you could say that you would expect people to vote in favor of it although i say that those people...
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Nov 29, 2012
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prior to taxes. which is greater than the estimated net worth of kanye, and eli manning, and johansson combineed. trace has the news live in washington. account winners remain anonymous can you? >>trace: they can remain anonymous in five states. but in missouri and arizona, they are not among the states so barring a back door legal maneuver we will find out the winners' name and the winners' hometown. the lottery recommends you take a little time, you think about some plans, practice telling your family "no" and you come forward and you celebrate. in arizona there is no power wall in california, utah, and nevada so the winner in arizona may not be from arizona because people were flooding over to see if they could play with that jackpot. arizona gets $25,000, the store that sold the ticket and in missouri they get $50,000, and that is strictly because of state regulation. nothing else. >>shepard: this lottery created a bunch of millionaires. >>trace: on top of the two huge tickets, there were eight o
prior to taxes. which is greater than the estimated net worth of kanye, and eli manning, and johansson combineed. trace has the news live in washington. account winners remain anonymous can you? >>trace: they can remain anonymous in five states. but in missouri and arizona, they are not among the states so barring a back door legal maneuver we will find out the winners' name and the winners' hometown. the lottery recommends you take a little time, you think about some plans, practice...
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Nov 22, 2012
11/12
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no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. gregg: there it is, here comes santa claus right down santa claus lane. the first time of fifth avenue, lining the streets, the music is filling the air. this is the 86th annual macy's thanksgiving day parade. a late start of the to the morning, but as you can see, macy's welcoming newcomers through a lineup of giant balloons this year, including elf on a shelf and papa smurf. wow, that is a big santa. it looks like he has already had a turkey or two this morning. speak to the family of a missing soldier making a desperate search for their daughter and sister's disappearance. kelly bordeaux, here is her picture, she vanished after a night out back in april. the search for the 23-year
no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. gregg: there it is, here comes santa claus right down santa claus lane. the first time of...
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Nov 24, 2012
11/12
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so, that's what we could give more tax cuts, more tax breaks to corporations, that create these job training programs. >> okay, and i can't believe i'm listening to this, rick. >> rick: less than a minute, go ahead and respond. >> okay, but poor people in this country have it too good and we need to give tax cuts to corporations. >> that's not what i said. >> that's exactly what you said. >> that's not what i said. >> and when we've never had this big a gap between the rich and middle class in this country we need to look at reforming corporate welfare not getting poor people-- >> angela do you want to respond to this before we run out of time. >> now what it's sad that liberals want to treat the poor as second class citizens keep them on the federal plantation, just come vote for us and get a free check. give people a job to give them integrity and dignity. >> rick: angela. >> people are looking for jobs right now. 8% unemployment almost. >> rick: this started off really, really nicely somewhere along the lines we went off the rails a little bit, but we have a couple more weeks to talk abou
so, that's what we could give more tax cuts, more tax breaks to corporations, that create these job training programs. >> okay, and i can't believe i'm listening to this, rick. >> rick: less than a minute, go ahead and respond. >> okay, but poor people in this country have it too good and we need to give tax cuts to corporations. >> that's not what i said. >> that's exactly what you said. >> that's not what i said. >> and when we've never had this big a...
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Nov 25, 2012
11/12
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tax rates. second, though, we have to close some significant loopholes. >> republican senator graham is okay with new revenue and willing to cap deductions but only if democrats agree to reform entitlements such as social security and medicare. >> i don't expect the democrats to go for premium support or voucher plan but i do expect them to adjust the entitlement programs before necessity bankrupt the country. >> some entitlement reform is okay with illinois democratic senator durbin but he thinks social security should be last alone. >> social security does not add one penny to our debt. it is a separate funded operation and we can do things and i believe we should, now, played out long term that gives it solvency. >>peter: congressman king says no one will get what he wants but in president reagan and thomas "tip" o'neill could make a deal, so, too, should speaker boehner and president obama. >>gregg: and now the top people responsible for our defense, first, general petraeus resigning as head
tax rates. second, though, we have to close some significant loopholes. >> republican senator graham is okay with new revenue and willing to cap deductions but only if democrats agree to reform entitlements such as social security and medicare. >> i don't expect the democrats to go for premium support or voucher plan but i do expect them to adjust the entitlement programs before necessity bankrupt the country. >> some entitlement reform is okay with illinois democratic senator...
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Nov 21, 2012
11/12
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CNBC
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i mentioned the tax issues. >> the tax issues people have shown that they don't care about it. we have seen it. people still don't change the buying habits yet. >> my point. >> you like the samsung. >> and i own google. it is the closest to creating its own ecosystem to the likeness of the apple. they are every place. they give you so many choices. you don't have the one stop shopping with the iphone. you get the phones and everything else that comes along with it. >> everything else? search is the biggest thing. self drive car. >> look at those legs. >> i have great legs. >> that was a few years before. >> now you can really lift the packages. >> it's a family show. >> i meant packages. >> it's a family show. put a ribbon on that. >>> jane wells joins us with a look at what is going on next. >> nice package, guy. we are going to talk poker, football and if people left their hearts in san francisco where did they leave their brains? we will find out after the break. or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to pr
i mentioned the tax issues. >> the tax issues people have shown that they don't care about it. we have seen it. people still don't change the buying habits yet. >> my point. >> you like the samsung. >> and i own google. it is the closest to creating its own ecosystem to the likeness of the apple. they are every place. they give you so many choices. you don't have the one stop shopping with the iphone. you get the phones and everything else that comes along with it....
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Nov 26, 2012
11/12
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let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know i believe the speaker boehner, perhaps the president himself may have been talking to you, talking to steve forbes and others who talked about the possibility of reforming the entire tax code. that could -- >> this is a great time. you know, the kind of time... and, not only that, let's don't forget the last time that the senate had a budget, it was when harry reid worked with his friend, speaker pelosi and nobody in the 2008 budget complained that it wasn't spending enough money. let's go back to 2008. $2.5 trillion, and cuts off a trillion in spending, right there. >> lou: there are all sorts of ways to get there, as you suggest he
let's have income tax, 15%, gift taxes, 15%, let's make sure that warren buffett finally starts paying at least as much as his secretary, in the percentage, and, what has been proposed, here, by the president, will not have warren buffett paying the same as his secretary, in percentage. let's have a flat tax, lou. let's take the president at his word. if you make more you will pay more and this is the only way that that is going to happen. >> lou: you know i believe the speaker boehner,...
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Nov 24, 2012
11/12
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we will not see it unless we raise taxes. >> of course, you don't get growth if you raise tax rates. california and other states the top rate is approaching 50% of business has as much incentive to fire somebody to get a lower cost than to hire somebody to create revenue. hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing government? >> it is a microcosm what happens to countries that raise their tax rates and entrepreneurs we and welfared recipients come in and there is the unsustainable state of affairs. need while they destroy silicon valley with ultimately our potential. angling foer that everybody is singling for green subsidies and it is a tragedy. >> and the money that hasby this been spent as venture money like solyndra has beendisastrou. disastrous. >> they are a stultifying to dea turn people into a than him uppt blubbering idiot t. >> he now wants us to support him rather than support the country. lou: he is bein
we will not see it unless we raise taxes. >> of course, you don't get growth if you raise tax rates. california and other states the top rate is approaching 50% of business has as much incentive to fire somebody to get a lower cost than to hire somebody to create revenue. hik experi extemporaneous experimentment, california bringing tax levels will we see california aztek merionthe a the coal mine when it comes3 to economic growth in the an ability to support thefleein ever-growing...
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Nov 27, 2012
11/12
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barring action by congress, americans will be forced through a series of automatic tax increases and spending cuts at the end of this year. it is what is known here as falling off the fiscal cliff. despite warnings, the global consequences -- and the global consequences of falling off that cliff, can washington he managed -- can washington manage it? thank you for joining me. the markets are looking in america and wondering whether politicians will be able to avoid this fiscal cliff. are things headed that way? but i think eventually they will. the good news -- >> i think eventually they will. the good news is that it is more like a fiscal beach. it is not like the debt ceiling. it is not a sudden that situation. there is a bit more flexibility. but one of the issues emerging is what the attitude of richer americans will be and whether they will accept the need to pay higher taxes. you probably read, as i did today, a very interesting op-ed by warren buffett, who points out that early in his career in the 1950's and 1960's when he was making a lot of money, the tax rate was many time
barring action by congress, americans will be forced through a series of automatic tax increases and spending cuts at the end of this year. it is what is known here as falling off the fiscal cliff. despite warnings, the global consequences -- and the global consequences of falling off that cliff, can washington he managed -- can washington manage it? thank you for joining me. the markets are looking in america and wondering whether politicians will be able to avoid this fiscal cliff. are things...
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catalonia is actually very wealthy it's a strong it's portuguese but the fact is they give far more in taxes to the central government and they actually get back in terms of investment from madrid in things like schools and hospitals so the overall feeling is that they believe that separatism could well be the way forward what is next for the catalan president after this election. well firstly he will have to try and fulfill his election promise of holding a referendum on independence from spain as you mentioned he did not get an absolute majority so we will not be able to push this through straightaway but luckily for him the second biggest party that was voted in was also pro independence so the feeling is they will be able to negotiate and between them they will have enough power to push through this referendum but the biggest sticking point for this referendum is that it is against the spanish constitution some commentators are saying it could actually lead to the arrest of aftermath and tries to push it through the spanish prime minister matter only what a horse has also said that he wo
catalonia is actually very wealthy it's a strong it's portuguese but the fact is they give far more in taxes to the central government and they actually get back in terms of investment from madrid in things like schools and hospitals so the overall feeling is that they believe that separatism could well be the way forward what is next for the catalan president after this election. well firstly he will have to try and fulfill his election promise of holding a referendum on independence from...
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Nov 27, 2012
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it is like a tax cut for america. >>shepard: if we were to become energy independent, it would certainly change the dynamic in the middle east. >> in question about that. energy independence in a global energy market is a tricky thing. energy more secure? no question. you have seen imports of oil dropping in the united states for the last five, six, seven years. so it is a substantial advantage if the united states. the geopolitics change in a variety of ways, we can use the oil and gas to help allies do things we need them to do abroad n japan you say we need you to put the squeeze on iran on nuclear issues but we will make sure you have enough energy because we will export gas and oil. >>shepard: thank you, john. eight years after the death of yasser arafat, there is a curious thing happening. forensic experts today opened up his tomb amid suspicion he was poisoned. if they poisoned him the way they thing, opening up his tomb will do no good so what are they doing? a young actor who represents half in the show "2 1/
it is like a tax cut for america. >>shepard: if we were to become energy independent, it would certainly change the dynamic in the middle east. >> in question about that. energy independence in a global energy market is a tricky thing. energy more secure? no question. you have seen imports of oil dropping in the united states for the last five, six, seven years. so it is a substantial advantage if the united states. the geopolitics change in a variety of ways, we can use the oil and...
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Nov 26, 2012
11/12
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he says i would raise taxes if. then he lists this incredible list of reforms and entitlements that the democrats would never give him. i suggested, senator, you're offering to trade a tax increase for a pink unicorn that doesn't exist. >> you're saying this is never going to happen. because if a republican says, you know what, i am actually not going to go with the pledge that i have signed and i'm going to, you know, do this compromise and vote for that, would you then target that lawmaker? would you say, you know, you're lying. you changed your mind from the pledge. now i'm going to put the substantial weight and efforts of your organization to try to unseat that republican candidate? >> george hervert walker bush broke his commitment to the american people. i don't think the americans for tax reform even put out a press release. somehow the american people figured out he broke his commitment. he couldn't get 38% of the vote when he ran in a general. he didn't lose in a primary. he lost in a general election. rai
he says i would raise taxes if. then he lists this incredible list of reforms and entitlements that the democrats would never give him. i suggested, senator, you're offering to trade a tax increase for a pink unicorn that doesn't exist. >> you're saying this is never going to happen. because if a republican says, you know what, i am actually not going to go with the pledge that i have signed and i'm going to, you know, do this compromise and vote for that, would you then target that...
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Nov 21, 2012
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it looks like a tax, it acts like a tax, it is a tax and congress can do it. host: next is from maryland on the independent line. caller: good morning, i have a statement and a question. i notice that the perception of black man might be a little old. many of us are manipulated by the media. i know this when i am even watching c-span when i hear individuals with an african- american cadence, these particular callers get screened. you rarely hear an intelligent black male on c-span. host: we get a lot of callers and we want to hear from all callers. did you have a question? caller: what is your plan to advance the black agenda? we know that black america and the inner cities have been neglected more than occasionally, academically and otherwise. what is the prescription to fix that? guest: i'm the wrong one to ask that question. i think there is a need for improvement in education and better funding and better standards. president obama is quite interested in that subject but is not a subject that gets into the courts and gets decided as a legal issue. i don't
it looks like a tax, it acts like a tax, it is a tax and congress can do it. host: next is from maryland on the independent line. caller: good morning, i have a statement and a question. i notice that the perception of black man might be a little old. many of us are manipulated by the media. i know this when i am even watching c-span when i hear individuals with an african- american cadence, these particular callers get screened. you rarely hear an intelligent black male on c-span. host: we get...
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Nov 21, 2012
11/12
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the tax money, he said, could come from reducing deductions. >> we collect $2.2 trillion in taxes but we give away half of it in credits and deductions. >> pelley: the mortgage deduction for example... >> oh there are all kinds. >> pelley: ...charitable deductions. >> there were like 169 different ones used in, i don't know, 2008 or 2009, somewhere in there. >> pelley: but when republicans say "we will not allow tax rates to be increased" you say what? >> well, that's where you start to get into the-- i guess the word parsing that i said one of my other warnings from simpson- bowles is that i'm not a political savant. so some of this stuff i just don't quite get. but the fact is you need more revenue. >> pelley: when it comes to cutting the budget, where does that money come from? >> the big nut is going to have to be medicare/medicaid. and even though people don't want to talk about it... >> pelley: you're not a politician, are you? >> ( laughs ) no. you can't avoid the topic. especially with the baby boomer generation retiring. it will literally crush the system. >> pelley: cote tol
the tax money, he said, could come from reducing deductions. >> we collect $2.2 trillion in taxes but we give away half of it in credits and deductions. >> pelley: the mortgage deduction for example... >> oh there are all kinds. >> pelley: ...charitable deductions. >> there were like 169 different ones used in, i don't know, 2008 or 2009, somewhere in there. >> pelley: but when republicans say "we will not allow tax rates to be increased" you say...
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Nov 22, 2012
11/12
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it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone who works really hard, an entrepreneur works really hard. you're talking about the people who initially are going to get, teresa heinz kerry, warren buffett, people who have massive amounts of money. they're hit the hardest, right? >> absolutely. the proposal i wrote had an exemption for households up to $500,000 in wealth that, is exempting 80% of american households right there. >> how did you draw that line? i can imagine there is all kinds of cheating that is going to happen around that line. or even on the bentley. people are go
it's with a wealth tax of 1.5%. to me the most important issue is to deal with the wealth inequality in this country which is it much more severe than the income inequality in this country. it's getting worse. it's been getting worse for the last 20 years. and the only countries in the world that have let's say more than $10 million people in them where it's cloe close to how bad it is in this country are all in africa and latin america. >> so we're not necessarily talking about someone...
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Nov 22, 2012
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we'll raise taxes on people that can afford it. that what's we throats voatd on and democrats came out on top on that. >> it many parts of the negotiation. rick: a very interesting discussion. i would love to have you back on. they have to come up with a deal by new year's eve. thank you both. heather: the daughter of a soldier hard sat work in dance class when she gets the surprise of a lifetime. a heartwarming story on that coming up. rick: you are probably getting ready for a little turkey and stuffing and apple pie. unfortunately those thanksgiving favorites can take a toll on your body. but don't worry. we have great tips to make your holiday a little healthier. >> i would like to give my family a happy thanksgiving, greetings. hi, brayden, mommy lowstles. hi, whom, i'll talk to you guys later. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio
we'll raise taxes on people that can afford it. that what's we throats voatd on and democrats came out on top on that. >> it many parts of the negotiation. rick: a very interesting discussion. i would love to have you back on. they have to come up with a deal by new year's eve. thank you both. heather: the daughter of a soldier hard sat work in dance class when she gets the surprise of a lifetime. a heartwarming story on that coming up. rick: you are probably getting ready for a little...
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Nov 23, 2012
11/12
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taxes, that challenge is going to be to find a way to increase taxes on the wealthy. to increase taxes on higher earners without increasing the rate. that would be a win win for both sides. the question is, how do you do that? one option, to potentially roll back tax breaks that wealthier americans and corporations are given. they're batting a couple of ideas around. one thing that is giving folks hope, the fact that house speaker john boehner and eric cantor seem to be working more in lock step now than they were during the summer of 2011. if that holds, it really could help the house of representatives to get on 3w0rd of some type of idea. >> we've heard from chairman bernanke and others. how much of a factor will the fed and the ceos of all these major companies be as we get closer to this major deadline? >> one of the questions is how do people react where all these tax increase, all these spending cuts take effect. if there's no deal in the middle of december, say, do we start to see some real impacts? do companies start slowing their capital spending plans, do t
taxes, that challenge is going to be to find a way to increase taxes on the wealthy. to increase taxes on higher earners without increasing the rate. that would be a win win for both sides. the question is, how do you do that? one option, to potentially roll back tax breaks that wealthier americans and corporations are given. they're batting a couple of ideas around. one thing that is giving folks hope, the fact that house speaker john boehner and eric cantor seem to be working more in lock...
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Nov 21, 2012
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drought fueled by uncertainty over the approaching fiscal cliff and tax increases. the jobs report shows the number of people filing for an employment fell to 410,000. the labor department says those numbers are still skewed because of superstorm sandy. the four-week average was a less volatile measure rose to 10,000. and hostess heads to bankruptcy court unable to reach an agreement with the bakers union. last week the company closed its plans after 42 years. some 18,000 plus people will likely lose their jobs. word of the impending liquidation caused a run on hostess products. another union action that could affect you is planned black friday protests. wal-mart filed a complaint with the national relations boards and picketers are mostly union representatives who are trying to force changes in pressure workers and get unionization where they have failed thus far. the liberal group has sent out hundreds of e-mails encouraging people who have nothing to do with wal-mart stage a protest outside the stores. you know, stores across the country. but the labor board, the
drought fueled by uncertainty over the approaching fiscal cliff and tax increases. the jobs report shows the number of people filing for an employment fell to 410,000. the labor department says those numbers are still skewed because of superstorm sandy. the four-week average was a less volatile measure rose to 10,000. and hostess heads to bankruptcy court unable to reach an agreement with the bakers union. last week the company closed its plans after 42 years. some 18,000 plus people will...